STATISTICS: Estonian insurance market exceeded EUR 200 million at the end of June

26 September 2019 — Andrei Victor
Estonian insurers reported end-June GWP of EUR 250 million, almost 3% more compared with H1 2018, according to the market figures published by the Estonian National Statistics Board.

In GWP terms, the life segment was up by 5% to EUR 47 million (19% of total GWP), while the GWP by Estonian non-life insurers totaled EUR 202 million, 2% more y-o-y. All non-life Lobs reported positive rates, except MTPL which contracted by -2% y-o-y.

The figures revealed that the market leaders as GWP volumes remained unchanged. Thus, among the five life insurers, the largest insurer was SWEDBANK Life Insurance SE (39% market share), while, despite a 26% decrease in GWP, If P&C Insurance AS (~26%) lead the general insurance segment with 18.7% market share, ahead Swedbank P&C Insurance AS - 18.2%.

Access and download the 1H2019 Estonian insurance market statistics.

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